Tag #Banking

Showing 73 to 84 of 150 results

theglobeandmail.com
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JPMorgan Chase Reports Record Profit Despite Q4 NII Decline

JPMorgan Chase's 2024 annual profit hit a record \$58.5 billion, up 18 percent, due to strong investment banking and trading, despite a 3 percent Q4 net interest income decline to \$23.5 billion; the bank projects \$94 billion in NII for 2025.

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40% Bias Score

Decent Work and Economic Growth
faz.net
🌐 75% Global Worthiness
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New Frankfurt Skyscraper Reflects Banking Real Estate Shift

A new Frankfurt skyscraper, designed by Jürgen Engel and slated for completion in 2028, will partially house the Museum der Weltkulturen; office space remains unleased, reflecting Commerzbank's downsizing amid broader industry trends toward central, modern offices.

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36% Bias Score

Sustainable Cities and Communities
cnbc.com
🌐 85% Global Worthiness
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Strong Q4 Earnings Expected for Citigroup and US Bancorp

Wall Street analysts predict strong Q4 earnings for Citigroup and US Bancorp, with Citigroup's stock projected to double in three years due to internal restructuring and US Bancorp expected to rebound from recent underperformance, driven by rising net interest income and improved operating leverage.

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40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Major Banks Lead Strong Start to 2025 Earnings Season

The 2025 corporate earnings season begins this week, with major U.S. banks like JPMorgan Chase, Goldman Sachs, and Wells Fargo, alongside UnitedHealth, set to report fourth-quarter results; analysts predict nearly 12% year-over-year earnings growth, potentially the strongest since 2021.

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28% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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RBC Launches First Bank-Wide Generative AI Platform in Canada

Royal Bank of Canada (RBC) partnered with Cohere Inc. to create \"North for Banking\", a generative AI platform enhancing employee efficiency and addressing customer needs securely using RBC's internal infrastructure, a first for a Canadian bank.

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40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Fed's Slower Rate Cut Pace Creates Attractive Yields for Savers

The Federal Reserve's December meeting minutes indicate a slower approach to interest rate cuts in 2025, resulting in attractive yields on bank CDs (4.1%-4.25%) and high-yield savings accounts (4.5%-4.75%) for savers, despite some banks preemptively lowering rates.

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36% Bias Score

Reduced Inequality
abcnews.go.com
🌐 85% Global Worthiness
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JPMorgan's Record Q4 Earnings Amidst Geopolitical Uncertainty

JPMorgan Chase reported a 50% surge in fourth-quarter net income to over \$14 billion, exceeding expectations, while Wells Fargo also saw a nearly 50% jump in net income; both banks' strong performance reflects a robust banking sector despite global uncertainty.

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48% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 85% Global Worthiness
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CFPB Sues Capital One for Allegedly Cheating Millions of Consumers Out of Billions in Interest

The CFPB is suing Capital One for allegedly defrauding millions of customers by failing to pay over \$2 billion in interest on its 360 Savings accounts between 2019 and mid-2024, while simultaneously offering a higher-yielding account, leading to a lawsuit seeking restitution for harmed consumers an...

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48% Bias Score

Reduced Inequality
cnbc.com
🌐 75% Global Worthiness
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Wells Fargo Upgrades Three Midcap Banks, Forecasts Significant Share Price Gains

Wells Fargo analyst Timur Braziler upgraded Webster Financial, Banc of California, and Columbia Banking System to "overweight", predicting significant share price increases by 2025 based on expected earnings-per-share growth driven by factors such as improved profitability and loan growth, as well a...

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44% Bias Score

Decent Work and Economic Growth
foxnews.com
🌐 85% Global Worthiness
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Major US Banks Exit Net-Zero Climate Alliance Ahead of Trump Presidency

Six of the world's largest banks simultaneously withdrew from the Net-Zero Banking Alliance (NZBA) in December 2024, weeks before President-elect Trump's inauguration, citing a desire to pursue emission reduction independently despite concerns about potential political backlash.

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48% Bias Score

cnbc.com
🌐 75% Global Worthiness
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Bank ETFs Suffer Longest Losing Streaks Since 2015; Quantum Stocks Plummet

CNBC reports that the SPDR S&P Regional Banking ETF (KRE) is down 14% from its November high, marking its longest seven-week losing streak since 2015, while the SPDR S&P Bank ETF (KBE) is experiencing its sixth consecutive weekly loss; furthermore, several quantum computing stocks experienced signif...

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40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Canada's Political Uncertainty Hampers Business Confidence Amidst U.S. Pro-Growth Outlook

Political instability in Canada is creating uncertainty for businesses, contrasting with the clearer, pro-growth outlook in the U.S., despite potential tariff risks; Canada's upcoming election adds to the uncertainty, while the U.S. is experiencing decreased uncertainty post-election.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 73 to 84 of 150 results